Decision details

To consider a strategy and next steps to develop and deliver future Community Investment Programme projects in Camley Street and Gospel Oak and agree the refurbishment of the empty former sheltered accommodation at Oseney Crescent to create new intermediate affordable homes to be let through Camden Living.

RESOLVED –

(i)           THAT the approach to bring forward proposals for regeneration in Gospel Oak and Camley Street with a view to realising a capital receipt from Camley Street that would be reinvested in affordable housing elsewhere in the Borough, most importantly at Gospel Oak, as detailed in sections 3.1 – 3.14 of the report, be agreed;

(ii)          THAT it be agreed to proceed to developing a robust review of opportunities for Community Investment Programme schemes at West Kentish Town and Wendling estates and associated smaller sites, as set out in section 3.5 – 3.8 of the report, and to delegate decisions regarding contract award for consultancy services to the Director of Development in consultation with the Cabinet Member for Investing in Communities;

(iii)         THAT the proposals to undertake further feasibility work for Camley Street to develop options for a mixed use development, as set out in sections 3.9 - 3.14 of the report, be noted; and

(iv)         THAT the regeneration strategy for Oseney Crescent (Greenwood Annex) to refurbish the existing units for the provision of intermediate rented accommodation, including the submission of a planning application and the proposed disposal of the site to Camden Living, be agreed as set out in paragraphs 3.15 – 3.19 of the report. And:

·         THAT that this project be implemented in accordance with the specific delegations approved as part of the July 2012 Community Investment Programme Cabinet report (CENV/2012/25), which are included in Appendix 1 of the report, to the Executive Director Supporting Communities in consultation with the Executive Director Corporate Services.

·         THAT authority be delegated to the Executive Director Corporate Services to agree expenditure budgets for this scheme, subject to appropriate funding being identified, and that the option to undertake prudential borrowing to support the capital funding requirements of the scheme if required be delegated to the Executive Director Corporate Services.

ACTION BY:             Executive Director Supporting Communities/Executive Director Corporate Services

Reasons

For the reasons set out in the report.